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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (46008)	11/30/2008 12:44:30 PM
From: SouthFloridaGuy	3 Recommendations Read Replies (1) \| Respond to of 149317

It's a deflation. Guys like Mish understand it better than most, that's for sure. We're in a Modern Day Depression in this country and it's going to take a while to sort out. Remember all these bailouts and stimulus are occurring everywhere. Once again, I ask, how does this make us WORSE off? The good news is that we have the institutions and human capital to get through it. Other countries, particularly in Asia, do not. This is why Thailand goes through a coup every few years. This is why Japan has a new Prime-Minister nearly every year. China will never be a Superpower until they understand what democracy and capitalism are about. The Asian way is the wrong way in the long-run. It's been a myth centered around U.S. profligacy. You're right, the stimulus and spending will hit us eventually, but not anytime soon, that's for sure. Remember World War 2 was a massive spending effort, but interest rates didn't rise until 30 years later. And you had a nice Kennedy bull market in the 60's... Not that this is the 60's, it's more like 1931, but you get my drift, I hope. Keep your gold, that's probably the only thing I can say definitively.